News Focus
News Focus
icon url

Zeev Hed

07/08/03 2:09 PM

#127612 RE: mlsoft #127595

Lot of money to be made in "Cult" stocks, look at EXPE or the bu$$....main engines of folio's growth this year (g).
icon url

gtober

07/08/03 8:44 PM

#127855 RE: mlsoft #127595

I also use money flow as an indicator. Chaikin Money Flow to be exact, although my charts do have other derivations. I also see numerous bearish money flow divergences. Of course, this has meant squat for the past 2 months. Do you have any rules wrt. these divergences? How long before you see them work. How often they don't. etc. etc.

I've never seen a time where the market has been so oblivious to such bad news, bad fundamentals, market internals and other non-price based technicals. The only time period I can think of off-hand is '87. (when the declining dollar lead to the stock market collapse and ushered in a recession. Hope that is not where we are headed again, because I do also remember '94 when the dollar declined significantly and actually ushered in a bull market)

Only problem is, I'm not seeing a lot of other '94 similarities.

GT